India, a fast-growing middle-income country, is at a critical juncture in its development trajectory.

Around 79.48 lakh new subscribers were added to social security schemes of the Employees' Provident Fund Organisation (EPFO) from September 2017 to September 2018, the data showed.

A study by TeamLease earlier this year estimated that there would be a net job loss of 11-18 lakh women in the current fiscal as a result of the new norms.

SEBI orders Sahara Group to refund Rs 14,000 crore to investors; US revokes duty-free concession on import of 50 Indian products; IMF says monitoring situation in India; bats for RBI's independence; carmakers see lacklustre sales during festive season; Modi using nationalism to promote domestic payments network, RuPay: Mastercard. Watch more in this episode of Business Wrap.

SEBI orders Sahara Group to refund Rs 14,000 crore to investorsIn a major setback to Subrata Roy, SEBI has found that another Sahara group firm has raised over Rs 14,000 crore in violation of legal norms and has issued a fresh order on Wednesday to the company and its directors to refund the money to investors with 15 percent annual interest. The order relates to collecting funds between 1998 and 2009 from nearly 2 crore investors through through optionally fully convertible debentures (OFCD)...

The total tally of new subscribers with Employees' State Insurance Corporation (ESIC) increased to 1.34 crore since September 2017.

New jobs rise to 11-month high of 9.51 lakh in JulyNew job creations in July rose to an 11-month high of 9.51 lakh, taking the total tally of new enrolments to 61.81 lakh since September 2017, according to the EPFO's payroll data. Job addition numbers, which are based on new members enrolled in various social security schemes of EPFO such as pension, PF and insurance, were 9,51,423 in July -- the highest in any month since September 2017 when the retirement fund body started rel...

The EPFO also revised upward the number of new enrolments from September 2017 to June 2018 to 52.30 lakh from 47.13 lakh estimated earlier last month.

He said PM Modi promised Rs 15 lakh for every indian, he also promised two crore jobs every year, and now he is asking people to fry 'pakodas'.

Reliance Jio adds over 9.71 million subscribers in June; Sensex and Nifty scale fresh highs. The Sensex and Nifty scaled fresh peaks in early trade today on gains in big cap stocks such as Bajaj Auto, ITC, Asian Paints and Adani Ports; Nirav Modi is in the UK, CBI moves extradition request; Coca-Cola India restructures leadership team in India. Watch more in this episode of Business Wrap.

Reliance Jio adds over 9.71 million subscribers in JuneThe mobile subscriber base in the country increased to 114.65 crore with net addition of 1.55 crore in the reported month. Reliance Jio led the growth in mobile segment by adding over 97 lakh new connections during the month. It was followed by Idea Cellular which added over 63 lakh new connections. Vodafone saw an addition of over 2.75 lakh new mobile connections, BSNL 2.44 lakh and Airtel 10,689. Tata Teleservices, which i...

According to the latest data uploaded on Monday, the new members enrolment in June is the highest so far in the last 10 month at 7,93,308.

ASK Wealth Advisors tries to estimate jobs using a completely new methodology -- the Sit-Stand-Go model, which relies on proxies (and some surveys) to come up with the number of about 5 million non-farm jobs being created annually in India.

At present, the social security contribution is fixed at 24 per cent ( 12 per cent employee contribution and 12 per cent employer contribution) of an employee's basic salary.